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Sep 27, 2012
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so as to make the economy more vibrant and society more just. and this was a tough treatment which, by the way, i think is not over. >> rose: for italy? >> for italy, yes. >> rose: the focus today is, obviously, on spain. >> yes. >> rose: what's going to happen? >> spain is doing very deep and serious things in terms of budgetary control, and in terms of statutory reforms. i think spain is decidedly on the right path. and we'l will come out of it. and will come out ey-- i mean ce out of the risky zone. and you see italy, spain, it's important to look at each of our countries individually, and it is also important to see clearly that we are all part and parcel of a wider thing call the euro zone and the european union. and it's not enough-- it is imperative, but it's not enough that each of our countries puts its own house in order. we also need to have a better governance of the whole, not only of the parts. and this is happening month after month because the european union as a whole is improving, is now more aware than it was one year ago, say
so as to make the economy more vibrant and society more just. and this was a tough treatment which, by the way, i think is not over. >> rose: for italy? >> for italy, yes. >> rose: the focus today is, obviously, on spain. >> yes. >> rose: what's going to happen? >> spain is doing very deep and serious things in terms of budgetary control, and in terms of statutory reforms. i think spain is decidedly on the right path. and we'l will come out of it. and will...
WHUT (Howard University Television)
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Oct 3, 2012
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and what i can tell you is our experience is we have strangled our economy. so our debt is going up, when your economy shrinks by definition your debt to gdp ratio, your debt to national income ratio goes up instead of down. >> when we come to the euro zone before i leave it, it will survive intact? >> i think it will, yes. the bad news is, it is going to muddle along, not come soaring forward. >> and to cam forward, soaring forward it has to do what? >> it has to two do two things it has to mutualize debt so the confidence we have talked about earlier. >> mutualized debt means everybody -- >> there is joint and several liability for debt in the currency zone and the truth is, greece is two percent of the euro zone economy. >> right. >> and it should never have been allowed to become a threat to the global economy, and it has become a threat to the global economy, because it is not clear the other countries of the euro -- >> paying back part of greek's debt. >> yes the short answer there is no escape from sharing the burden -- >> you are a politician in germa
and what i can tell you is our experience is we have strangled our economy. so our debt is going up, when your economy shrinks by definition your debt to gdp ratio, your debt to national income ratio goes up instead of down. >> when we come to the euro zone before i leave it, it will survive intact? >> i think it will, yes. the bad news is, it is going to muddle along, not come soaring forward. >> and to cam forward, soaring forward it has to do what? >> it has to two do...
WHUT (Howard University Television)
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Sep 25, 2012
09/12
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he is negotiating more reforms in an economy that is supposed to get around 7% smaller this year. they have a heavily unionized work force and are planning another strike against these measures. away from greece, you find the same challenge with public anger m ounting in spain. the prime minister's attempt to curb spending is going to focus he is looking more to structural reforms so pensions can be frozen and the retirement age increased. one in four spaniards are unemployed at the moment. a big problem is the lack of economic growth. north out of spain to a country that so far has not been in the spotlight, he will find -- you will find a similar picture. the french cling onto their relaxed way of life with a 35- hour working week and great benefit them than this friday, the president is going to be unveiling some 30 billion bureaux in savings for the next year and promises to balance the budget in five years. the big problem all these countries have in common is they have to bring down costs by their citizens have gotten used to a good and expensive welfare state and then the p
he is negotiating more reforms in an economy that is supposed to get around 7% smaller this year. they have a heavily unionized work force and are planning another strike against these measures. away from greece, you find the same challenge with public anger m ounting in spain. the prime minister's attempt to curb spending is going to focus he is looking more to structural reforms so pensions can be frozen and the retirement age increased. one in four spaniards are unemployed at the moment. a...
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Oct 3, 2012
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mitt romney, the businessman turned politician who is promising to turn the economy around slipped a little in the polls but it's still too close to call. >> these debates are an opportunity for each of us to describe the pathway forward to america we can choose and the people are going to have to make a choice. >> more money is being spent on this election than ever before. who wins depends on how people vote in a handful of swing states and in a few areas of those states so all the money is being spent on bombarding the undecided with tv ads and phone calls. >> this is from the obama campaign. i'm a volunteer. >> the democrats have a well-oiled campaign machine. >> we are outnumbering republicans with new voter registrations. we have volunteers in here every single day making phone calls and have a paid canvasing team and we will have a large army of volunteers on the ground when it's time to get out the vote. >> hello? >> just down the road republicans are doing exactly the same thing. a swing state, your phone always ringing. >> we always know down near las vegas that always goes
mitt romney, the businessman turned politician who is promising to turn the economy around slipped a little in the polls but it's still too close to call. >> these debates are an opportunity for each of us to describe the pathway forward to america we can choose and the people are going to have to make a choice. >> more money is being spent on this election than ever before. who wins depends on how people vote in a handful of swing states and in a few areas of those states so all...
WHUT (Howard University Television)
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Sep 26, 2012
09/12
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because they see the measures impost on greece, portugal, or ireland having any sort of effect on the economy or people's welfare or unemployment. i think people are saying we do not want to head in that direction. >> you have spoken about some of the effects on people already with the austerity measures in place. can you talk about housing and food? >> housing is a big issue because and the spaniards ended up buying houses or homes back during the main housing boom. and what has happened since then is first of all they bought these houses at very inflated prices. here we have over 25% unemployment so as people began to lose their jobs and as the housing payments went up, more and more people lost their homes. there has been a repossession of many, many homes. in spain, there is something very unique to our system. once the bank repossesses your home and when you are evicted and you lose your home, you are still liable for the entire debt. which means not only are people on the streets or having to find alternative housing, but they also owe hundreds of thousands to the banks. this is aggrava
because they see the measures impost on greece, portugal, or ireland having any sort of effect on the economy or people's welfare or unemployment. i think people are saying we do not want to head in that direction. >> you have spoken about some of the effects on people already with the austerity measures in place. can you talk about housing and food? >> housing is a big issue because and the spaniards ended up buying houses or homes back during the main housing boom. and what has...
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Sep 28, 2012
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in economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. >> mitt romney spoke at an american legion hall in springfield, virginia, not far from the pentagon. romney criticized obama over potential defense cuts and vowed to maintain u.s. military power. >> we're going to make sure to restore the principles this nation was built upon a freedom and opportunity and restore our economy and put people back to work, get rising take-home pay again. we're going to make sure we of the military that a second to none. i will do those things. i look forward to being able to keep the station strong. i make that commitment to you. i need your help. we have to win in virginia. we will keep america the hope of the earth. >> a new video has raised questions about mitt romney's repeated claims on the campaign trail that his business background would help him create jobs as president. the video released by the magazine "mother jones" shows romney in a 1985 address describing the mission of bain capital, the private equity firm he co-founded and f
in economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. >> mitt romney spoke at an american legion hall in springfield, virginia, not far from the pentagon. romney criticized obama over potential defense cuts and vowed to maintain u.s. military power. >> we're going to make sure to restore the principles this nation was built upon a freedom and opportunity and restore our economy and put people back to work, get rising...
WHUT (Howard University Television)
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Sep 26, 2012
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under the european crisis is affecting the global economy, is affecting people's confidence, so it's more challenging for us to make a return on those investments as governments reduce interest rates effectively to zero and it's difficult to find an asset class is to invest in to make a good return. it presents a challenge for us and we're in the business of risk, helping people manage their risks. on the continent in europe, in greece, spain, people still need to manage their assets and we are there to help them. >> a bit of a silver lining at the end. >> in many countries around the world, laws about adoption are often blurred or ignored. parents desperate to have children if will pay to adopt even if the law forbids the selling of babies. our correspondent in nigeria has been looking into allegations that teenage girls are being separated from their babies even against their own will. >> motherly love for a newborn son. but the 16-year-old came desperately close to losing her child daniel. it was a traumatic fight to prevent him from being taken away at birth or adoption. she did
under the european crisis is affecting the global economy, is affecting people's confidence, so it's more challenging for us to make a return on those investments as governments reduce interest rates effectively to zero and it's difficult to find an asset class is to invest in to make a good return. it presents a challenge for us and we're in the business of risk, helping people manage their risks. on the continent in europe, in greece, spain, people still need to manage their assets and we are...
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Sep 27, 2012
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the report also warns global warming threatens to seriously contract the global economy over the next decade. the obama administration has taken new steps to loosen sanctions on burma following a series of reforms by the ruling junta. in a meeting at the u.n. general assembly, secretary of state clinton told the burmese president at the u.s. will ease its ban on imports from burma. >> we have watched as you and your government have continued the steady process of reform, and we have been pleased to respond with specific steps that recognize the government's efforts and encourage further reform. in recognition of the continued progress toward reform and in response to requests from both the government and the opposition, the united states is taking the next up in normalizing our commercial relationship. >> the national football league has reached an agreement to end a labor dispute with the referees. the nfl rushed to make the deal after a botched call by replacement officials decided the outcome of a nationally televised game monday night, prompting widespread outrage from fans, journ
the report also warns global warming threatens to seriously contract the global economy over the next decade. the obama administration has taken new steps to loosen sanctions on burma following a series of reforms by the ruling junta. in a meeting at the u.n. general assembly, secretary of state clinton told the burmese president at the u.s. will ease its ban on imports from burma. >> we have watched as you and your government have continued the steady process of reform, and we have been...